Is the Bills payable is personal account ?
Answers were Sorted based on User's Feedback
Answer / rafeeq ahmed
It's a liability and it comes under balance sheet. Liabilities side.
| Is This Answer Correct ? | 4 Yes | 1 No |
it is an obligation to pay debt, and all outstanding liability comes under personal natured. Hence it is under personal account.
| Is This Answer Correct ? | 1 Yes | 1 No |
HOW TO CALCULATE INPUT TAX CREDIT (ITC) ?
what is the defination of mat n calculation of mat... with example this is applicable in company or firm, pl. discribe me.....thanx ashok
what is depreciation and methods mostly used
What are the three major parts of accounting
What is BRS?
1.What is security premium? 2.Difference between debt security and securitization? 3.Operating leverage and financial leverage examples? 4.Revenue and provision ,,,,differences? 5.EOQ...and its defination purpose of its use...?
how does calculated retain earnings?
what is use of cost center category in tally ? why & when use this ? what is benfit ?
what is balance sheet?
Expand ctc cheque?
What is the definition of offset accounting?
What is the meaning of Stock valuation, and how ?